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Fund managers continue to take a beating from tough macroeconomic conditions

Online Editor

City wealth firm Brooks Macdonald says it expects outflows to continue this year as price rises and geopolitical uncertainty continue to weigh on the sector.

The fund house bled another £300m in the three months ended 31 March 2024, according to a trading update on 17 April.

Brooks Macdonald reports more outflows as cost-cutting continues

Justin Cash

Investing

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Former chair of the John Lewis Partnership is joining the Canadian pension fund giant early next year

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Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

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